Cambria Automobiles (AIM:CAMB) – positive pre-close from another motor retailer
Hot on the heels of Vertu Motors yesterday, the other Aim quoted motor retailer has come out with a positive trading update. Unlike the former, the outlook was a bit more positive.
The trading performance in the first five months of the current financial year has been substantially ahead of the corresponding period in 2013/14 and in line with recently upgraded market expectations – expectations are for the year ending August 2015 are for pre-tax profit of £6.8m and eps of 5.30p.
New vehicle unit sales increased by 17.1% (9.9% on a like-for-like basis), against a market up 7.9%. New car margins remained strong…
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